WhatsOnChain owns proprietary Bitcoin SV blockchain explorer technology developed by its founders who created the first-ever BSV block explorer to provide data in an easy and user-friendly manner. A blockchain explorer is a browser for the blockchain, similar to how web browsers like Maxthon or Google Chrome are used for browsing internet web pages. BSV users rely heavily on blockchain explorers to track their transactions. Having an open-source BSV explorer is what makes BSV transparent and immutable, and providing public access to the BSV ledger allows for a decentralized, trustless, and scalable system to ensue.
The WhatsOnChain team comprises software engineering and development entrepreneurs
TAAL has purchased WhatsOnChain for $2MM GBP, which purchase price was paid through the issuance of 1,739,882 TAAL common shares (the "Consideration Shares"), with a share value of
Support and services for enterprises using WhatsOnChain's open-source software and proprietary server components in conjunction with TAAL's services will create a new revenue-channel that will help to differentiate TAAL from its competitors. TAAL anticipates several additional features, which will be useful for enterprise users, such as customized tools and APIs, to become available for purchase in future updates to WhatsOnChain's software.
"With the acquisition of WhatsOnChain, TAAL can provide an incredibly innovative blockchain platform that enables users to capitalize on the opportunity of the BSV blockchain," said TAAL CEO
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain statements included in this news release constitute "forward-looking information" as defined under applicable Canadian securities legislation. The words "will", "intends", "expects" and similar expressions are intended to identify forward-looking information, although not all forward-looking information will contain these identifying words. Specific forward-looking information contained in this news release includes, but is not limited to statements regarding: the growth and transformation of the blockchain industry and the expectation of new revenues from the acquisition. These statements are based on factors and assumptions related to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. TAAL cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from expectations. Material risk factors include the future acceptance of Bitcoin SV and other digital assets and risks related to information processing using those platforms, the ability for TAAL to leverage intellectual property into viable income streams and other risks set out in Item 20 Risk Factors of TAAL's Form 2A – Listing Statement dated
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